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Housing Markets

July Figures Show a New Record for Share of Homebuyers Seeking to Relocate

The share of homebuyers looking to relocate jumped in July as high mortgage rates and home prices motivated Americans to move to more affordable...

Delinquencies Drop to 3.64 Percent of Outstanding Loans in Second Quarter

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.64% of all loans outstanding at the...

Mortgage Rates Fluctuate But Housing Market Stabilizes, Observes Freddie Mac

The Primary Mortgage Market Survey (PMMS) results from Freddie Mac show that the 30-year fixed-rate mortgage (FRM) averaged 5.22 percent with an average 0.7...

NAR Reports 80 Percent of Metro Areas Showed Double-Digit Price Gains in Q2 2022

Despite escalating mortgage rates and slumping home sales in the second quarter of 2022, a greater number of markets experienced double-digit annual price gains...

Increasing Share of Home Listings Sit on the Market for Longer, Redfin Finds

The share of U.S. homes that were listed for 30 days or longer without going under contract increased 12.5% in July from a year...

Strong Jobs Report in July as Housing Market Slowed

The U.S. economy added 528,000 jobs in July - much stronger than expected - while the unemployment rate edged down to 3.5%, according to...

Homebuyers Slowly Return to Market with Falling Mortgage Rates, Redfin Reports

More homebuyers are returning to the market, motivated by a decline in mortgage rates and a record share of listings with price drops, according...

CoreLogic: Home Price Appreciation Slowed For a Second Month in June

U.S. home prices increased in June - however, the rate of appreciation slowed significantly. Home prices (including distressed sales) increased 0.6% compared with May and...

Black Knight Reports Record Home Price Growth Slowdown in June

The latest Mortgage Monitor Report from Black Knight Inc.’s Data & Analytics division shows June marking the greatest deceleration in home price growth on...

Case-Shiller: Home Price Growth Decelerated in May

Although the rate of growth is slowing, U.S. home prices continued to rise in May, increasing 1.0% on an adjusted basis compared with April...

Homebuying Hotspots with Sharp Price Escalation Vulnerable to Housing Downturn

Popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturn amplified and home...

FHFA House Price Index Shows Nearly 20 Percent Increase from Last Year

House prices rose nationwide in May, up 1.4% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA...

Case-Shiller: Home Price Growth Decelerated in May

Although the rate of growth is slowing, U.S. home prices continued to rise in May, increasing 1.0% on an adjusted basis compared with April...

First American: Rising Mortgage Rates, Stagnant Incomes Create Home Affordability Crisis

First American Financial Corp.’s May 2022 First American Real House Price Index (RHPI) shows real house prices increased 50.8% year over year but median...
House

Thirty-Year FRM Average Changes from 2.78 to 5.54 Percent in One Year

Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.54% with an average 0.8 point as of...

Housing Starts Slowed in June For Third Straight Month

Housing starts slowed in June, dropping to a seasonally adjusted annual rate of 1.559 million, a decrease of 2% compared with May and a decrease...

MBA Expects Commercial Mortgage Lending Decrease in Second Half of 2022

Total commercial and multifamily mortgage borrowing and lending is expected to fall to $733 billion this year, down 18% from 2021 totals ($891 billion),...

Foreign Investment in Existing Homes Ends Multi-Year Slide

Foreign buyers purchased $59 billion worth of U.S. existing homes from April 2021 through March 2022, an 8.5% increase from the previous 12-month period...

Relocations Hit Record Highs as Homebuyers Move to More Affordable Areas

A record 32.6% of Redfin.com users nationwide looked to move from one metro to another in the second quarter, up slightly from 32.3% in...

Redfin Reports First Annual Home Supply Increase Since 2019

The number of homes for sale nationwide in June rose 2%, the first annual increase since July 2019, according to a new report from...